Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. They gave her 24 hours to live. He is currently the #5 rated hedge fund manager in the TipRanks database, with a portfolio valued over $8. All rights reserved. To report any data inconsistencies or errors, please contact The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. Mr. Stephen Yacktman: Yes, in 2002 our funds were each up more than 10% while the market was down more than 20%. Any investor should consider Construction is still under way Steve and the firms other partner, Jason Subotky, designed it but its already obvious that this is a different place from the modest space two floors below. These securities are considered predominantly speculative with respect to the issuers continuing ability to make principal and interest payments. AMG takes a cut of fees but doesnt meddle in operations.). Mr. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Working with an adviser may come with potential downsides such as payment of fees The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. Hedge Fund Net Worth $10.04B Donald Yacktman manages more assets than 51% of other Hedge Fund Managers Average Return +25.50% Since Last Filing Last 12 Months 3 Years (Annualized) Portfolio Breakdown by Sector Portfolio Breakdown 19.09% Technology 17.75% Utilities 17.21% Consumer Goods 15.08% Financial 12.24% Services 6.24% Healthcare He founded Yacktman Asset Management in 1993, and has steered the company ever since. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. Access your AMG Funds account. The Fund is subject to the risks associated with investments in debt securities, such as default risk and fluctuations in the perception of the debtors ability to pay its creditors. # 39 Stephen Schwarzman $31.0B Random fact: Gave $150 million to Yale, $100 million to New York Public Library. Don wasnt overly worried. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The forward dividend yield of Brenntag AG is 2.29%. Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach using methodology that derives directly from the work of the legendary Benjamin Graham, professor of investments at Columbia Business School, a professional investor, co-author of Security Analysis and author of The Intelligent Investor. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) Yacktman Asset Management is a boutique investment advisory firm that has a history of serving long-term-oriented investors. The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. GuruFocus rated Booking Holdings Inc.the business predictability rank of 3.5-star. Stephen Malkmus was born in Santa Monica, California in May 1966. Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. business relationships that might exist between SmartAsset and the named financial professional and which it authorizes the use of by individuals who successfully complete CFP Boards initial and ongoing certification requirements. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. We asked Yacktman Fund co-portfolio managers to reflect on the firms success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). Wall Street experts where to make money in 2013. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. For more detailed information about Morningstars Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. Bean catalogue model. than any other service in the U.S. The stock has since risen to $12. TheYacktman Fundgained seven new positions in the first quarter, though some came from changes in its existing companies. Between improving margins, earnings growth, and its 3% dividend, the stock can generate double-digit returns over the next five years, Steve believes. What Happens When Corporate Earnings Fall? information posted to third party web sites. We do not manage client funds or hold custody of assets, we help users connect with relevant financial AMG Funds does not endorse this web site, its sponsor, Portfolio management for individuals and/or small businesses, Portfolio management for investment companies, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Percentage of Assets, Performance-based Fees, 6300 Bridgepoint Parkway Building 1 Suite 500. Beiersdorf AG has a market cap of $23.74 billion; its shares were traded around $21.01 with a price-earnings ratio of 29.16 and price-sales ratio of 2.94. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. This page contains links to SmartAssets financial advisor matching tool, which may or may not During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX). Don got the news the next morning on a call from his daughter Melissa. He is a member of the Management Committee of the firm. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Powered and implemented by Interactive Data Managed Solutions. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman (. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. The performance data shown represents past performance. Grandeur Peak Global Opportunities Instl* 10.2 Morningstar grouped it with foreign/global CATEGORY AVERAGE 4.8% CATEGORY AVERAGE 7.9% stock funds in 2017. Financial management fee schedules usually vary depending on which service is offered. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. The firm reported on Wednesday that its portfolio welcomed: The Walt Disney Co., Booking Holdings Inc., Brenntag AG, Alphabet Inc., Fox Corp., Beiersdorf AG and Fox Corp. Fox Corp. and The Walt Disney Co. came into the portfolio when the funds previous holding, Twenty-First Century Fox, sold many of its assets to Disney in the first quarter. Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio, area. compiled from the SEC and Investments in international securities are subject to certain risks of overseas investing including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. Soon she regained some movement in her right hand, then the entire right side of her body. Our matching tool simplifies the process of finding a financial advisor. All investing involves risk, including De Georgia, professor of neurology at Case Western Reserve University School of Medicine and her doctor at the Cleveland Clinic. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. Investment Strategy. From 2008 to 2009, the Yacktman Focused Fund was up nearly 25% and the Yacktman Fund increased nearly 18% while the S&P 500 declined more than 20%. And you need to be very, very patient.. Market RiskMarket prices of investments held by the Fund may fall rapidly or unpredictably due to a variety of economic or political factors, market conditions, disasters or public health issues, or in response to events that affect particular industries or companies. Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. 2023 Fortune Media IP Limited. The same goes for PepsiCo, in which Yacktman funds are the 10th-largest holder. Steve slaved away as an analyst at his fathers firm for years, learning how businesses juiced earnings at the same time he learned the tenets of value investing. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Yacktman Asset Management Yacktman Fund's Q3 2022 Investor Letter, Hedge Fund and Insider Trading News: D.E. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. Sorry, no results has been found matching your query. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. 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